The victory of the centre-right New Democracy party and its leader Kyriakos Mitsotakis in Greece’s general election on Sunday 7 July is significant in the European and global context. ND’s victory on a pro-EU agenda signals that Greeks remain committed to the European project. Mitsotakis inherits an economy that is growing and bond yields at all-time lows, a more favourable backdrop than any of his predecessors have enjoyed since 2008. But on three important economic fronts, he must take action to ensure Greece’s crisis is truly left in the past.

Luca Bertalot, secretary general of the European Mortgage Federation-European Covered Bond Council, and Jacek Kubas, associate director in the European Bank for Reconstruction and Development’s local currency and capital markets team, join Chris Ostrowski, OMFIF director of memberships and commercial partnerships.

They discuss the history and structure of covered bonds, their role in capital markets, main sources of demand and obstacles to expansion.

Listen to the recording, or search for OMFIF on your smartphone’s podcast app.